OSI Systems Correlations

OSIS Stock

USD 271.26 13.10 5.07%

The current 90-days correlation between OSI Systems and Itron Inc is 0.5 (i.e., Very weak diversification). The correlation of OSI Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

OSI Systems Correlation With Market

Weak diversification

The correlation between OSI Systems and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OSI Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OSI Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OSI Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy OSI Stock please use our How to Invest in OSI Systems guide.

Moving against OSI Stock

0.58	VLCN	Volcon Inc Symbol Change	Pair Corr
0.43	DSWL	Deswell Industries	Pair Corr
0.54	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.49	T	ATT Inc Aggressive Push	Pair Corr
0.43	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	ITRI	NOVT	ST	VICR	BMI	BDC	PLXS	VNT	BOX	ESE
ITRI		0.27	-0.05	0.1	-0.07	0.31	0.18	0.36	-0.02	0.6	ITRI
NOVT	0.27		0.76	0.84	-0.54	0.52	0.81	0.64	-0.69	0.44	NOVT
ST	-0.05	0.76		0.75	-0.37	0.64	0.75	0.65	-0.57	0.07	ST
VICR	0.1	0.84	0.75		-0.72	0.38	0.88	0.56	-0.86	0.51	VICR
BMI	-0.07	-0.54	-0.37	-0.72		-0.3	-0.79	-0.26	0.83	-0.65	BMI
BDC	0.31	0.52	0.64	0.38	-0.3		0.64	0.7	-0.35	0.29	BDC
PLXS	0.18	0.81	0.75	0.88	-0.79	0.64		0.6	-0.88	0.6	PLXS
VNT	0.36	0.64	0.65	0.56	-0.26	0.7	0.6		-0.43	0.33	VNT
BOX	-0.02	-0.69	-0.57	-0.86	0.83	-0.35	-0.88	-0.43		-0.62	BOX
ESE	0.6	0.44	0.07	0.51	-0.65	0.29	0.6	0.33	-0.62		ESE
	ITRI	NOVT	ST	VICR	BMI	BDC	PLXS	VNT	BOX	ESE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PLXS	+ 0.88	VICR
VICR	+ 0.84	NOVT
BOX	+ 0.83	BMI
PLXS	+ 0.81	NOVT
ST	+ 0.76	NOVT
VICR	+ 0.75	ST

High negative correlations

BOX	- 0.88	PLXS
BOX	- 0.86	VICR
PLXS	- 0.79	BMI
BMI	- 0.72	VICR
BOX	- 0.69	NOVT
ESE	- 0.65	BMI

Risk-Adjusted Indicators

There is a big difference between OSI Stock performing well and OSI Systems Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze OSI Systems' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ITRI	1.28	(0.15)	0.00	(0.03)	0.00	0.00	2.39	(2.33)	7.67
NOVT	2.23	(0.06)	0.01	0.05	4.02	(2.23)	6.09	(4.57)	21.47
ST	1.68	0.07	0.06	0.12	2.05	(1.75)	3.90	(3.39)	10.52
VICR	2.95	0.71	0.18	0.39	3.35	(3.00)	6.62	(6.18)	23.16
BMI	1.75	(0.40)	0.00	(0.14)	0.00	0.00	3.58	(4.32)	16.79
BDC	1.49	0.17	0.11	0.21	1.54	(1.67)	4.02	(2.93)	10.85
PLXS	1.98	0.45	0.21	0.37	1.98	(2.22)	4.31	(3.99)	12.94
VNT	1.11	0.06	0.06	0.12	1.33	(1.16)	2.77	(2.55)	6.72
BOX	1.49	(0.46)	0.00	(0.49)	0.00	0.00	2.76	(3.70)	12.81
ESE	1.54	0.13	0.07	0.22	1.65	(1.70)	2.99	(3.16)	7.84

OSI Systems Corporate Executives

Elected by the shareholders, the OSI Systems' board of directors comprises two types of representatives: OSI Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OSI. The board's role is to monitor OSI Systems' management team and ensure that shareholders' interests are well served. OSI Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OSI Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.

Alan Edrick

CFO and Executive VP

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